Suppose that next year there is a 5% chance of tornados causing $5 million in damages, a 1% chance of tornados causing $70 million in damages, and a 0.25% chance of tornados causing $850 millian in damages. What is the expected value of damages from tornados next year? a.$30,150,000 b.$3,075,000 c.$2,500,000 d.$308,333,333

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